{"id":22982,"date":"2025-04-21T10:47:15","date_gmt":"2025-04-21T10:47:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22982"},"modified":"2025-04-21T10:47:15","modified_gmt":"2025-04-21T10:47:15","slug":"xrp-price-eyes-70-rally-ahead-of-cftc-regulated-futures-launch-on-coinbase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22982","title":{"rendered":"XRP price eyes 70% rally ahead of CFTC-regulated futures launch on Coinbase"},"content":{"rendered":"
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\"XRP<\/p>\n

XRP (XRP<\/a>) has dropped nearly 40% since hitting its multi-year high of $3.40 three months ago. <\/p>\n

Still, its ability to hold above key technical support levels, combined with a potentially market-shifting derivatives listing, has prompted some analysts to maintain a bullish outlook for the months ahead.<\/p>\n

\"XRP
XRP\/USD daily price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n

Coinbase XRP futures may launch on April 21<\/h2>\n

From a fundamental perspective, XRP may receive a boost from the anticipated launch of XRP futures contracts<\/a> on the Coinbase Derivatives platform, scheduled for April 21 under the US Commodity Futures Trading Commission\u2019s (CFTC) oversight.<\/p>\n

\"Coinbase,
Source: <\/em>X<\/em><\/a><\/figcaption><\/figure>\n

This development may inject fresh liquidity and institutional interest into the market, helping catalyze the technical breakouts projected above.<\/p>\n

XRP price chart painting Wyckoff reaccumulation <\/h2>\n

XRP\u2019s ongoing consolidation phase resembles a classic Wyckoff reaccumulation pattern, according to technical analyst Charting Guy<\/a>.<\/p>\n

The Wyckoff reaccumulation pattern<\/a> is a mid-cycle structure that often precedes the next leg of a broader uptrend. It suggests that smart money is absorbing supply during the cooldown, setting the stage for a potential breakout.<\/p>\n

XRP established support and began consolidating in late 2024, marking Phases A and B of the Wyckoff reaccumulation pattern. In early April 2025, the price formed a \u201cSpring\u201d followed by a successful \u201cTest,\u201d signaling seller exhaustion.<\/p>\n

\"XRP
XRP\/USD daily price chart. Source: TradingView\/Charting Guy<\/em><\/figcaption><\/figure>\n

As of April 21, XRP is attempting to break above the descending \u201cCreek\u201d trendline. <\/p>\n

A breakout would confirm a \u201cJump Across The Creek\u201d (JATC) and entry into Phase D. If confirmed, XRP could enter Phase E and rally 70% toward $3.55 in the coming weeks, a level aligning with the pattern\u2019s Last Point of Support (LPS).<\/p>\n

\"XRP
XRP\/USD weekly price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n

A Fibonacci retracement graph drawn from $3.55-swing-high to $0.14-swing-low presents $5.65 as the upside target for June if XRP price breaks above $3.55.<\/p>\n

Falling wedge aligns with XRP\u2019s bullish outlook<\/h2>\n

The upside outlook aligns with XRP\u2019s prevailing falling wedge pattern, as spotted<\/a> by chartist \u201cJobcfx\u201d on X.<\/p>\n

Notably, the bullish reversal structure has been narrowing since February 2025. A breakout above the wedge\u2019s upper trendline, currently around the $2.20-2.40 area, would signal the start of a new rally.<\/p>\n

\"XRP
XRP\/USD daily price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n

Falling wedge breakouts typically target a move equal to the pattern\u2019s maximum height. <\/p>\n

In XRP\u2019s case, if it breaks above $2.20, the projected upside target for May lands near $4.00, aligning with the Wyckoff reaccumulation\u2019s Phase E breakout zone.<\/p>\n

Related: <\/strong><\/em>XRP price analysts project $10 next, \u2018optimistic\u2019 target of $20<\/strong><\/em><\/a><\/p>\n

Interestingly, Bitcoin (BTC<\/a>) is also forming a falling wedge pattern<\/a> on its chart. If confirmed, a bullish breakout in Bitcoin could act as a catalyst for the altcoin market, potentially accelerating XRP\u2019s upward momentum as well.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n